Common use of Deduction Limits Clause in Contracts

Deduction Limits. If you are not an active participant, your entire regular contribution to your XXX is generally deductible. Your marital status may affect your deduction amount. If you are an active participant, the amount you can deduct depends on your MAGI for the tax year for which the contribution applies. The following chart shows how your active participant status and

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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